Bloomberg

Suzuki Motor Corp (OTC: SZKMY) cautioned regarding the continued tight supply of semiconductors and batteries from automakers’ shift toward electric vehicles (EVs), Bloomberg reports. Therefore, the automaker planned to raise its stockpiles to counter the crisis. Due to a range of...

Warburg Pincus backed Asia-focused data center operator Princeton Digital Group Pte is eyeing a fundraise that could boost its valuation to $2 billion, Bloomberg reports. The New York-based private equity firm is in discussions with financial advisers. It seeks to raise about $400 million for...

Ameer and Raees Cajee, founders of South African crypto exchange Africrypt, have reportedly disappeared with 69,000 Bitcoin (CRYPTO: BTC) $3.6 billion worth of client funds. In doing so, twenty-year-old Ameer Cajee and his seventeen-year-old brother Raees Cajee may have pulled off the biggest...

India’s Reliance Industries Ltd’s billionaire CEO, Mukesh Ambani, showcased the JioPhone Next handset co-developed with Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, to tap India’s substantial first-time smartphone user base, Bloomberg reports. Ambani...

Software design company, Figma Inc, has raised $200 million at a valuation of $10 billion, Bloomberg reports. Figma, which allows customers to collaborate on software as they build it, noted a demand jump from the pandemic-induced remote work. The company’s investors included...

Siemens AG's (OTC: SIEGY) new CEO Roland Busch aims to raise the manufacturer's valuation by doubling down on software, Bloomberg reports. Siemens is eyeing acquisitions of software-focused companies to foray into new markets adjacent to its existing businesses that offer up to $...

Hong Kong’s on-demand logistics and delivery firm, Lalamove, or Huolala, has filed confidentially for a U.S. initial public offering (IPO) to raise a minimum of $1 billion to tap the pandemic induced e-commerce demand surge, Bloomberg reports. Recently, Chinese trucking startup ...

Amber Group — a Hong Kong-based cryptocurrency trading firm founded by Morgan Stanley (NYSE: MS) traders turned into a unicorn. What Happened: According to a Monday Bloomberg report, Amber Group reached a valuation of $1 billion in 18 months since its 2018 founding...

Germany is investing €10 billion ($12 billion) to support technology startups in their growth phase, Bloomberg reports. The money will find its way into an investment fund to help the startups seamlessly raise venture capital, Finance Minister Olaf Scholz and Economy Minister Peter...

NVIDIA Corp (NASDAQ: NVDA) urged gaming customers not to buy the latest high-end computer graphics chips like GeForce RTX 3080 Ti, a $1,199 graphics card, and the roughly $600 RTX 3070 Ti with stripped off abilities, Bloomberg reports. What Happened: Nvidia wanted the high-end...

Abu Dhabi sovereign fund, Mubadala Investment Co controlled GlobalFoundries Inc., will build a $4 billion chip-making plant in Singapore slated to start in 2023 to address the global semiconductor chip crisis, Bloomberg reports. What Happened: The company joined the likes of Taiwan...

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF)-backed global co-working company, WeWork’s, April and May desk sales marked its best net desk sales since September 2019, Bloomberg reports. The company had previously informed regarding the resurgence of demand. WeWork cut...

Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) plans to shut down its seven-story hub catering to London’s Shoreditch district startups and replace it with virtual services following the remote working shift, Bloomberg reports. The move follows Google’s...

Last week featured five announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals, rumors and headline news all covered on Benzinga’s “SPACs Attack.” Listen to this week's SPACs Attack....

Venture capitalist Hernan Kazah explores options to invest the $1 billion raised by his firm Kaszek Ventures to tap the pandemic induced demand surge for the tech companies, Bloomberg reports. The firm opted for Latin America’s most prominent venture capital round after identifying...